According to TechFlow, on November 28, according to Bitcoin.comNews, a16z co-founder Marc Andreessen revealed on the Joe Rogan show that at least 30 technology founders had their bank services terminated due to their involvement in digital currencies, and several well-known cryptocurrency entrepreneurs subsequently spoke out.
Gemini co-founder Tyler Winklevoss said the number could be far more than 30, with a16z portfolio companies alone accounting for that many. Custodia Bank founder Caitlin Long revealed that her company had been “cut off” several times and is currently suing the Federal Reserve, with oral arguments scheduled for January 21, 2025.
Kraken founder Jesse Powell said his company had been unable to obtain banking services in the United States for many years and had to turn to the European market. Founders Fund partner Joey Krug said he was harassed by banks simply for buying Bitcoin on Coinbase.
Technology entrepreneur Balaji Srinivasan believes that there is political pressure behind this systematic "card-cutting" action against the cryptocurrency industry and calls for accountability for relevant policymakers.
